The market
will reach USD 18,703.42 million by 2022. The global IT asset disposition
(ITAD) market was valued USD 11,326.14 million and expected to reach around USD
18,703.42 million by 2022 with the CAGR of 8.33% between the years 2016-2022.
The regulatory
changes across the world to minimize the environmental hazards due to
electronic waste is expected to drive this market. Technological advances in
cloud computing, big data analytics, and IoT are reducing the lifespan of IT
equipment which is increasing the dependence on ITAD services
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As per our
observation, remarketing and value recovery segment expected to continue to
dominate the market due to this service helps to obtain maximum returns.
Remarketing and value recovery provide the financial return from electronic
assets and it includes benefit such as increase efficiencies, security, and
sustainability of assets.
Mobile
devices have increased productivity & profitability of the business and
this segment is expected to grow at the highest CAGR during the forecast
period. Rapid growth in smartphones and tablets are increasing use of the
mobile device in organizations. According to facts, smartphone shipment reaches
1.53 billion units in 2017 and expected to grow around 1.77 billion by 2021.
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On-site
equipment audit solution and online clients portal expected to grow with
highest CAGR due to increasing demand for revolutionary software-driven
approaches which reduce unnecessary costs and other disadvantages of
traditional ITAD process.
IT and
Telecom accounted for the largest market share in 2016. Increasing activity in
the e-recycling and smelting industries will drive this segment over the
forecasted period. IT and telecom industry are growing at rapid pace. Rising
need for new technologies on regular basis has reduced the lifespan of IT
equipment will boost the revenue of this segment.
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APAC region
will grow with highest CAGR in 2017-2022 owing to the several developments
occur in India & China along with government support for the new projects
are providing several growth opportunities for ITAD market in the region. In
addition digitalization in many countries in APAC will propel the growth of
global IT asset disposition market.
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